Despite its strengths, the method has drawbacks:
In an uptrend, price tries to make a new high but fails; in a downtrend, it tries to make a new low but fails. Despite its strengths, the method has drawbacks: In
(1993) is a definitive guide to professional speculation that integrates technical analysis, macroeconomics, and psychological discipline. The following paper summarizes the core methodologies and philosophies presented in the text. Despite its strengths
Most trading books promise a “secret formula.” Victor Sperandeo’s Trader Vic: Methods of a Wall Street Master (1991) gives you something rarer: . in a downtrend